Oddbean new post about | logout
 Why is M2 going up even with QT going on? 
 1) the chart says "global m2". There's actually other countries outside the US, each with their own policy.

2) US M2 is _almost alwys_ rising. The current QT is the tiny blip at the end of the curve.
 https://image.nostr.build/fd043574bf460d532145032fda759e1585e39378d0bbd795245b09724073da0d.jpg